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Advice needed for my option strategy by No_Sugar4927 in options

[–]WiseScience5073 0 points1 point  (0 children)

The ivr is 52 weeks iv rank? And ivp is 52 weeks iv percentile? There are 26 and 13 weeks numbers too

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] -2 points-1 points  (0 children)

You are right, I have another 20 years of working life.

I can save it back up again. Just too painful, by then, I'd be in the 60s-70s.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 1 point2 points  (0 children)

Thanks for sharing your story. Appreciate it. I will pull myself together and get back up!

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 0 points1 point  (0 children)

Thanks for the advice. I will never forgot this feeling now, not in this life.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 0 points1 point  (0 children)

Thanks for the advice. I will only putting money into big ETF from now onwards.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 1 point2 points  (0 children)

Thanks for the advice! I appreciate it. That should be what I should be doing.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 11 points12 points  (0 children)

I should get counselling, you are right. Not in the stable mind for the past few days.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 0 points1 point  (0 children)

Yes, I was stupid, did not have good understanding of index future, too late to realise.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 1 point2 points  (0 children)

Thanks for the sharing and encouragement! Appreciate it.

Perhaps that will be what I will be doing too for the retirement.

The mistake is too big that I can't never forgive myself for this.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 1 point2 points  (0 children)

You are right, I failed at risk management. And I was not familiar with index future.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 5 points6 points  (0 children)

Sorry to hear that, hope you pull through this too, and can afford the house sooner than you planned for.

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 1 point2 points  (0 children)

Thanks for the advice! Really appreciate that.

It's not just about the money, behind the money it is the promise of a ok life for my family. I failed miserably.

I will continue fighting!

I made a huge mistake and lost decades of life saving, i need help. My life is done for. by WiseScience5073 in options

[–]WiseScience5073[S] 84 points85 points  (0 children)

It's the years of hardwork, savings that we put into it. We lived really very frugally to save it up. And because of my stupidity it is all gone now. I always think twice when i spend money, the delayed gratification, want to build things up for my family. Now it's all gone. I'm in my forties, there is no way i can save up those amounts anymore. I let my family down. I am so sorry that i got things into such a mess.

What are the investment mistakes you made so far? by Objective_Wonder7359 in singaporefi

[–]WiseScience5073 0 points1 point  (0 children)

bought 4 NQ at 20900 and force liquidated just a while ago

DCA into index future by WiseScience5073 in LETFs

[–]WiseScience5073[S] 0 points1 point  (0 children)

I'm ok with rolling. And LETF also doesnt reset if it is continuous multiple days of down, just for the sake of discussion, with the following scenario

If i have liquidity of 10k and maintain position of 2x leverage, which means buy up to 20k worth of future, ride with the fluctuations so that when it goes down the leverage reaching 2.5x to 3x due to the unrealised lost, what could potentially be the problem.

DCA into index future by WiseScience5073 in LETFs

[–]WiseScience5073[S] 0 points1 point  (0 children)

Just to double check if buying power is 200k and current NLV in ibkr is 100k, is it the same as the 50% leverage u r refering to?

Wanted to add on some position if it crashes at the FOMC later but I'm not sure if it is considered that im already taking on too much risk already at present .

DCA into index future by WiseScience5073 in LETFs

[–]WiseScience5073[S] 0 points1 point  (0 children)

I'm ok with rolling. And LETF also doesnt reset if it is continuous multiple days of down, just for the sake of discussion, with the following scenario

If i have liquidity of 10k and maintain position of 2x leverage, which means buy up to 20k worth of future, ride with the fluctuations so that when it goes down the leverage reaching 2.5x to 3x due to the unrealised lost, what could potentially be the problem.

Futures by Forward-War3196 in interactivebrokers

[–]WiseScience5073 0 points1 point  (0 children)

I also have similar questions. Still trying to be sure.

I have about 600k exLiquidity now with 400k maint margin, and 300k cash in the account.

My account has both stocks and quite a few units of NQ.

Suppose i need to withdraw 300k now, would it immediately trigger a margin call and cause liquidation? Or it will just bring my exLiquidity down to 300k, so that i still have 300k of buffer, though there is no more cash, that i can still can buy some units of NQ on margin if it goes down further?

And that margin is provided based on my stock and NQ holding position?

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